Statement of Cash Flows (Direct Method) The Huber Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 follow: During 2013,$29,700 of cash dividends were declared and paid. A patent valued at $86,900 was obtained in exchange for land. Equipment that originally cost $22,000 had $7,700 accumulated depreciation was sold for $14,300 cash. Bonds payable were sold for cash and cash was used to pay for structural improvements to the buildil Required a. Compute the change in cash that occurred during 2013. b. Prepare a statement of cash flows using the direct method. Use one cash outflow for "cash paid for wages and other operating expenses." Accounts payable relate to inventory purchases only. a. Change in Cash during 2013$ b. Use a negative sign with cash outflow answers